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Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corporation is a Canada-based lithium exploration company. The Company is engaged in the acquisition, exploration, development and processing of critical minerals mining properties in Canada. Its projects include Rose Lithium-Tantalum, Rose North, Rose South, Arques, Bourier, Dumulon, Duval, Nisk, Lemare, Caumont, and Valiquette. The Rose Lithium-Tantalum property consists of over 473 claims covering a total area of over 24.99 square kilometers (km2). It lies in the northeastern part of Superior Province, within the Eastmain greenstone belt. The Rose North property consists of about 31 claims covering a total area of over 16.14 km2. The Arques Property is composed of one block totaling around 136 claims covering an area of 6,840.93 hectares (ha) over 18 kilometers (kms) in length in a Southwest-Northeast direction. Bourier Property is comprised of over 304 claims with an area of 15,616.47 ha for over 30 kms. Rose South property consists of over 280 claims.


TSXV:CRE - Post by User

Comment by jensen383on Oct 19, 2007 4:37pm
430 Views
Post# 13606660

Update

UpdateI received a reply email from the company today which basically said that they are currently waiting on pending assay results from independent laboratories and that all labs are overly busy these days.

They also noted that the drilling on the four additional holes noted in the last news release is now in progress.

 It is still hard to believe that a company awaiting assay results and still currently drilling can have a capitalization of under $2.5 million. There are so many juniors out there with substantially higher capitalization without even so much as a drill in the ground.

 

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